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2016 Kentucky Revised Statutes
CHAPTER 355 - UNIFORM COMMERCIAL CODE
Article 9 - Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper
355.9-342 Bank's right to refuse to enter into or disclose existence of control agreement.

KY Rev Stat § 355.9-342 (2016) What's This?

Download as PDF 355.9-342 Bank's right to refuse to enter into or disclose existence of control agreement. This article does not require a bank to enter into an agreement of the kind described in KRS 355.9-104(1)(b), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 82, effective July 1, 2001.

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